Help does not put the = in front of the worksheet formulas, because they can be stacked inside one another, but this can lead to confusion.
Look at the syntax in  Excel  HELP  for    IF Worksheet Function
   =IF(logical_test,value_if_true,value_if_false)
   =IF(logical_test1,value_if_true1,value_if_false1)
nesting the TRUE portion only:
   =IF(logical_test1,  IF(logical_test2,value_if_true2,value_if_false2),  value_if_false1)
I added numbers to help make the above more readable.  You can plop
another  IF(test,true,false)   into the  true action part or the false action part.
There is a limit of seven levels of nesting ...
   =IF(IF(IF(IF(IF(IF(IF(IF(condition,True,False), ...
by which time you would be pretty much lost anyway if you tried to maintain
the formulas.
Chip Pearson has a page on nesting IF statements, don't think that
will help as much as the HELP in Excel with the above information. 
But we try to do things explain a few things better than HELP and may
or may not succeed. 
http://www.cpearson.com/excel/nested.htm
Where Chip's pages shine in this area is a way to overcome the
limit of seven levels by using named ranges.  
Another alternative to heavy nesting of IF statements may be the VLOOKUP Worksheet Function.
Use of OR Worksheet Function to reduce need for nesting:
   OR(E2={5;10;25;100;200;364;500})
Excel Function Dictionary « by Peter Noneley is a reference to definitely download and maintain on your computer, the workbook has 157+ sheets each with an explanation and example of an Excel function.
Better Solutions, Russell Proctor, lots of indexed information on Excel and Word. Links are denoted by color and not by underlining.
     IF condition THEN  action;  Else other_action
and those that don't go on one line
     IF  condition  THEN
            action1
            action2
     ElseIf condition Then
            action3 
     Else
            action4
     End IF
in the above since you are using multiple lines you cannot use  "Else action4"
on one line.  Note the difference, VBA is not as free form as many other languages.
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